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the British and the Chinese sides should agree to establish before 1995 a pension reserve fund. The fund should be sufficient to guarantee pension payments for 5 years.
when they met Lu Ping in October, Lu fully supported the
establishment of a fund and said that the Chinese side would
raise it at the JLG meeting in December. The Chinese did not view this proposal as a lack of confidence in Hong Kong's
future. The HKCCSA want a similar assurance from the Minister
(before Mr Wong and Mr Tang return to Hong Kong) that HMG will
urge HKG to set up a fund and will put the issue on the agenda for the next JLG meeting
- 8 major civil service organisations have recently issued a joint statement demanding that HKG set up a pension reserve fund. They claim support of the business community and the
media
the deadline for transferring to the new pension scheme should be extended until a decision on a safeguard has been
taken
failure to resolve this issue may lead to industrial action by civil service organisations
9. The Association also raised concerns (though not in
detail) about erosion of civil serve benefits in the run up to
1997, the effects of privatisation/corporatisation on job
security, and the need to increase pace of localisation while
hkccsa.goodlad/HKCIVIL/bp
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